Get involved in the discussion! Click here to comment on this story
Orkla Food Ingredients, through its wholly-owned subsidiary Sonneveld Group, has acquired Dutch company Vamo produkten voor de Bakkerij.
Vamo manufactures specialised concentrates and ingredient mixes to producers of artisan and industrial bakery products.
Established in 1963, Vamo’s headquarters and production facilities are located in Duiven, the Netherlands. Last year, the firm recorded turnover of €12.4 million and EBIT of €1.6 million.
“Vamo is a well-run company with a good customer base and a product portfolio that is a good fit with Sonneveld,” said Peter Verhagen, CEO of Sonneveld.
“The acquisition of Vamo will complement Sonneveld’s position as a supplier of ingredients and accessories to the bakery market.”
The deal sees Orkla continue its spree of acquisitions and follows its purchase last month of a minority stake in Icelandic chocolate company Nói Siríus.
In April, the company’s Orkla Food Ingredients unit secured a deal to buy Zeelandia Sweden, a supplier of margarine, vegetable oils and bakery ingredients.
Norway-headquartered Orkla recently appointed Jaan Ivar Semlitsch as its new CEO, who will take up his position by 1 December at the latest.
Semlitsch is replacing Peter Ruzicka, who stepped down in May following five years in the role.
Source: FoodBev
LinkedIn Twitter FacebookDSM has secured a deal to acquire dairy solutions provider CSK Food Enrichment for a cash consideration of about €150 million. With the purchase, DSM aims to strengthen […]
LinkedIn Twitter FacebookWould you be willing to give up social media for a month to have your favorite snack every day? What about your cell phone? Three in 10 adults […]
LinkedIn Twitter FacebookOrkla has appointed Harald Ullevoldsæter as its new chief financial officer, effective 1 March 2020, to replace Jens Bjørn Staff. Ullevoldsæter, 56, returned to Orkla earlier this year […]
